Axis Car Loan Rate, Eligibility Calculator, Apply Online

Axis Bank Car Loan Offer Feb 2017

Last Updated 26th Feb 2017
Features and Eligibility Axis Bank New Car Loan Scheme Axis Bank Used Car Loan Scheme
Interest Rates 11.00% Fixed Check Special Offer Not Available
Maximum Loan Amount Eligibility 95.00% of ex-showroom price Not Available
Maximum Loan Tenure (years) 7 years Not Available
Lowest EMI per Rs. One Lakh Loan Amount (Rs.) Rs. 1,712 Rs. 0
Processing Fee 0.00% Min Rs. 3500 Max Rs. 5500 Max Rs.
Prepayment Charges 5% Not Available
Interest Calculation Monthly reducing balance Not Available
Age (years) Between 21 years and 70 years
Apply Car Loan Online @9.25%*
 Salaried   Self Employed - Professional   Self Employed - Business 





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Eligibility Condition for Axis Bank Car Loan

Axis Bank New Car Loan Scheme Axis Bank Used Car Loan Scheme
Minimum Net Annual Income (Rs. lakh)
--Salaried 2.4 0.0
--Self employed professionals 1.8 0.0
--Self employed businessmen 1.8 0.0
  • Car loan EMI calculation varies from bank to bank depending upon the method of calculation.
  • The standard convention should be to use the EMI in arrears method on reducing balance basis – whereby you pay interest on the car loan amount outstanding on a reducing basis at or after the end of the month.
  • Simply key in the loan amount, rate of interest and car loan tenure here and check the EMI amount using the car loan EMI calculator here. In case the EMI amount displayed is different from the one advised to you by the agent, you must check the calculation basis with your car loan agent.

  • New Car Loan Schemes of All Banks

  • Used Car Loan Schemes of All Banks

Frequently Asked Questions on Axis Car Loan

How much interest is charged by Axis on car loan?

Axis offers an interest of 11.00% to 12.00% on car loan.

What is the lowest EMI per lakh on Axis car loan?

If you apply for a car loan from Axis, your lowest EMI per lakh will be Rs. 1,712.

What is the maximum tenure of Axis car loan?

You can repay your car loan from Axis in a flexible period of maximum 7 years.

How much car loan I can borrow from Axis?

Axis offers you 95.00% of of ex-showroom price of car as loan.

How much processing fee is charged by Axis on car loan?

Axis charge a processing fee of 0.00% with applicable service tax.

Is age an eligibility factor to get car loan from Axis?

Yes, age is an important eligibility factor to get Axis car loan as you should be at least 21 years old at loan approval time and 70 years old at loan maturity time.

Are there any prepayment charges on Axis car loan?

You can take car loan from Axis with 5% prepayment charges.

Can I add my spouse's income while applying for car loan from Axis?

You can combine your income with the income of your spouse to increase your loan eligibility and to get higher loan amount.
Axis Car Loan Calculator News - Feb 2017
16th Jan 17 Axis Bank ties up with Droom.com to offer car loans for used cars
Axis Bank has announced a partnership deal with Droom.com (a leading new and used auto website) to provide car loans for both used and new cars. The bank will offer loan up to 85 percent of the value of vehicle with a maximum tenure of five years. As for used car loans, loan can be availed for cars which are less than five year old.
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